Sonos Inc (SONO)
Operating profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -7,039 | -40,889 | -27,155 | -20,546 | -52,247 | -24,026 | 43,242 | 89,532 | 138,052 | 147,821 | 150,174 | 154,964 | 181,935 | 108,292 | 42,690 | -27,232 | -67,489 | -25,625 | 4,644 | 5,701 |
| Revenue (ttm) | US$ in thousands | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 | 1,259,505 |
| Operating profit margin | -0.45% | -2.64% | -1.69% | -1.23% | -3.10% | -1.43% | 2.43% | 5.11% | 7.69% | 8.20% | 8.65% | 9.03% | 10.72% | 6.91% | 3.03% | -2.05% | -5.27% | -1.98% | 0.35% | 0.45% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-7,039K ÷ $1,574,985K
= -0.45%
The operating profit margin of Sonos Inc has fluctuated over the past several quarters. There was an improvement in operating profit margin from Q3 2019 to Q1 2020, with margins increasing to 8.65% before declining in subsequent quarters. The company experienced a significant drop in operating profit margin in Q2 2020, reaching -5.27%, indicating challenges in managing costs and generating profits during that period.
Subsequently, there was a gradual recovery in operating profit margin, peaking at 10.72% in Q4 2020. However, margins fluctuated in the following quarters, with the most recent reported figure at -0.45% in Q2 2024. This downward trend suggests potential issues impacting the company's ability to maintain profitability, which may require further investigation and strategic adjustments.
Peer comparison
Jun 30, 2024